HS Icon Refined Petroleum in  Flag India

2020
Exports | Imports
: $25.3B | $5.46B, World Rnk 5 / 212
Flag Rnk 1 / 1215 | World Rnk 23 / 224
Flag Rnk 10 / 1207

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $626M | $646M, Australia |  Iraq


ECONOMIC COMPLEXITY of India
: 0.56, Rnk 40 / 127


PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.99, Rnk 835 / 1028

Exports In 2020, India exported $25.3B in Refined Petroleum, making it the 5th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in India. The main destination of Refined Petroleum exports from India are: Singapore ($3.12B), United Arab Emirates ($2.9B), United States ($1.63B), Netherlands ($1.44B), and Malaysia ($1.27B).

The fastest growing export markets for Refined Petroleum of India between 2019 and 2020 were Australia ($626M), Venezuela ($491M), and Saudi Arabia ($226M).

Imports In 2020, India imported $5.46B in Refined Petroleum, becoming the 23rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 10th most imported product in India. India imports Refined Petroleum primarily from: United Arab Emirates ($1.16B), Iraq ($945M), Singapore ($499M), South Korea ($495M), and Malaysia ($403M).

The fastest growing import markets in Refined Petroleum for India between 2019 and 2020 were Iraq ($646M), China ($92.2M), and Malaysia ($36.4M).

Tariffs In 2019, the average tariff for India in Refined Petroleum was 9%. The countries with the highest import tariffs for Refined Petroleum were Japan (Most Favoured Nation duty rate treatement, 10%), Angola (Most Favoured Nation duty rate treatement, 9.31%), Botswana (Most Favoured Nation duty rate treatement, 9.31%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 9.31%), and Cameroon (Most Favoured Nation duty rate treatement, 9.31%).

Subnational Monthly Trade

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $25.3B

IMPORTS (2020): $5.46B

NET TRADE (2020): $19.9B

In 2020, India exported $25.3B in Refined Petroleum. The main destinations of India exports on Refined Petroleum were Singapore ($3.12B), United Arab Emirates ($2.9B), United States ($1.63B), Netherlands ($1.44B), and Malaysia ($1.27B).

In 2020, India imported $5.46B in Refined Petroleum, mainly from United Arab Emirates ($1.16B), Iraq ($945M), Singapore ($499M), South Korea ($495M), and Malaysia ($403M).

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IN 2020, India HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2020, India HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR India WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY India WERE (2019 - 2020):

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Market Concentration

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In 2019, India's main exporting competitors in Refined Petroleum were:

In 2019, India's main importing competitors in Refined Petroleum were:

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Tariffs by Country

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In 2019, the average tariff for India in Refined Petroleum was 9%.

The countries with the highest tariffs for Refined Petroleum in India were Japan (Most Favoured Nation duty rate treatement, 10%), Angola (Most Favoured Nation duty rate treatement, 9.31%), Botswana (Most Favoured Nation duty rate treatement, 9.31%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 9.31%), and Cameroon (Most Favoured Nation duty rate treatement, 9.31%).